What Is The Idea Of Group Buying?

Group buying isn’t a new concept but it is presented in a new form so everyone understands the idea. When you buy a product in a bulk quantity like buying 100 t-shirts of the same color and size, you expect more discount from the seller. Here you can call it profit sharing. Let’s understand the concept with examples You buy 100 t-shirts from a retail store. In other words, the retailer makes...

Everything You Should Know About Pinduoduo Group Purchasing

The first site to challenge JD.com and Alibaba's hegemony in Chinese e-commerce is Pinduoduo, which launched around 2015. Pinduoduo is a legitimate example of an e-commerce business that capitalizes on social commerce and entertainment buying growth by offering group purchase options. The network's layout and user interface are designed for surfing rather than research, and offering discounts for...

How Does A Social E-Commerce Site Work?

  Online shopping has plenty of benefits. When you shop online, you save money and time. Brands give discounts to attract buyers. But you can take your online shopping a step ahead with social e-commerce shopping. Instead of buying from websites, you can buy from a social network connected to creators, retailers, and producers. What is a social marketplace? It is a social media platform used...